When it comes to the $590 billion global semiconductor industry, Newport Wafer Fab is a true minnow. Yet the future of this small, loss-making chip-making company based in South Wales, U.K., has become the center of an international storm. On May 25, Britain’s Business Secretary Kwasi Kwarteng — the equivalent of the U.S.’s secretary of commerce — announced the government would undertake a full national security assessment of a deal struck in July last year — widely reported to